Affiliate Guard

Special Events vs. Group CrossFit Affiliate Throw Downs

simplefinn — Fri, 25 Nov 2011 18:02:58 +0000

I get a lot of questions about whether the Affiliate Guard policy covers special events.

The answer is YES if you have a throw down with a couple of other gyms to see which box reigns supreme at any WOD. No problem! We will cover that event. Just make sure every participant signs a waiver!

Now if you as an affiliate owner start charging participants to compete and spectators to watch then this will be considered an “Amateur” special event and will be excluded from the policy. A special events policy will cover this exposure.

There are also endorsements you can add on as well if you serving beer (host liquor liability) etc.

As always feel free to contact Vaughn or Kristen should you have more questions on this coverage.

CrossFit affiliate lease agreements

simplefinn — Tue, 25 Oct 2011 21:57:22 +0000

Lease Agreements

We provide a service to all affiliates that we conduct business with on reviewing the Insurance section of your lease agreement. Sometimes land lords want huge liability limits in place to be in compliance with your lease agreement that can double your premiums. We have re negotiated with land lords on several different occasions on liability limits and other coverage’s by educating them on what it is that you do to make your insurance premium lower.

CrossFit box safety 101

simplefinn — Fri, 21 Oct 2011 21:48:37 +0000

I see a lot of claims in the CrossFit Community and a lot of them can be avoided by doing some little things, such as putting crash pads at the bottom of the ropes and placing them under the pull-up bars for new athletes doing scaling pull-ups with the rubber bands. Also if somebody tears their hands on the bars, take a second and wipe them down with some Clorox wipes before another athlete uses the barbell/pull-up bar or kettlebell.

CrossFit Affiliate Trainer’s Insurance

simplefinn — Mon, 17 Oct 2011 21:48:01 +0000

Trainers!!

This has been kind of a gray area in the insurance industry on extending liability to trainers at a gym. Being that CrossFit is a totally different animal than your “globo gym” insurance companies will shy away from extending that coverage, some insurers will add on trainers for an added premium, this should be addressed before you start making payment or binding coverage being that will increase premium. Affiliate Guard does extend Professional and General Liability to all trainers that have a Level 1 from CrossFit.

Home made CrossFit Pull-up systems

simplefinn — Mon, 17 Oct 2011 21:30:07 +0000

In the CrossFit community there are many affiliates that use their own home made pull-up system. Be careful, because using threaded galvanised pipe can lead to a EPIC FAIL! If you do have a system of this nature in your box please keep a close eye out for stress fractures around the threaded end of the pipe and replace as needed.

CrossFit Affiliate Insurance needs

simplefinn — Mon, 26 Sep 2011 21:46:11 +0000

As a CrossFit affiliate, it’s very important that you have an insurance agent and insurance company that understands CrossFit.

We take the time to educate you on how this insurance program protects you in the event of a claim. This insurance program is CrossFit Kid’s friendly. If you decide to become a CrossFit kids affiliate mid-term, we can endorse this on your policy.

Keep in mind this is YOUR policy so if you need to make changes through out the year you can, like adding on more equipment coverage or obtaining a second location.

When signing a lease your landlord will want to see a copy of your insurance to be in compliance with your lease agreement. As an additional service, we will review the insurance section of your lease agreement so you are in compliance with that lease agreement.

We are here for the CrossFit Affiliate community and are more than happy to answer any questions you might have about liability exposures running a box.

Types of Business Insurance

simplefinn — Tue, 20 Sep 2011 22:50:02 +0000

An Overview of Business Insurance Categories

Business insurance is a broad description that can be broken down into a list of nine types of insurance policies and here I will briefly explain the coverage and expand on these as individual topics. For now, these are general descriptions so that we are talking about the same thing when I use these terms in later articles.

Property Insurance

Property insurance insures against loss or damage to the location of the business and its contents. It can also insure the property of others in your control when the loss occurs. Property insurance can be for a specific risk. For example, a fire insurance policy insures only against a fire loss to the location. A tornado is not a fire and, therefore, that loss would not be covered. The insured location can be owned, leased or rented.

Casualty Insurance

Some insurers will lump property and casualty insurance together and refer to the coverage as property and casualty insurance. In fact, packaged policies of property and casualty are often the best purchase a business owner can make. However, to have an understanding of the difference between the coverage, I will discuss this as a separate type of insurance. Casualty insurance insures against loss or damage to the business.

Liability Insurance

Liability insurance insures against liability legally imposed upon your business because of the negligence of the business or its employees. Put another way, it protects your business when the business is sued for negligence.

Commercial Auto

Your personal automobile policy does NOT cover vehicles used by your business. If your business uses vehicles or anything that is required to be titled by your state, then you need a commercial auto policy. Commercial auto coverage insures against property damage to vehicles and damage caused to others by those vehicles.

Workers Compensation

You will need to insure your employees against on-the-job injuries. Every state is different. But, most states have put into place some form of workers’ compensation system. Workers’ compensation is a system where the employee is not allowed, by statute, to sue their employer for on-the-job injuries; but, in return, the employer must participate in a system that provides nearly automatic payment to the employee in case of injury for medical bills and damages. There are many options for workers’ compensation coverage. Some states allow an employer to opt-out of the system if the employer is self insured, some run the system through private insurers while others use state agencies.

Business Interruption

Business interruption insurance insures against loss or damage to the cash flow and profit of a business caused by the business being unable to operate because of interruption. The easiest example is to think about a critical piece of machinery being struck by lightning. The repairs to the machine may be covered by other coverage such as property or casualty insurance. But, if you can not make widgets for three months, than there is no replacement of that income without this coverage.

Health Insurance

To be competitive, most businesses need to offer their workers health insurance. This insurance offers a health coverage benefit to your employees (and you).

Life and Disability Insurance

Life and disability insurance protects the business against the death or disability of key employees. For example, one partner carries a life insurance policy naming the partnership as a beneficiary. If that partner dies, and the business has planned properly, the proceeds of the policy can be used by the business to buy out the share of the decedent’s partnership interest from the estate.